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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Bob Walsh who wrote (7255)9/8/1998 11:14:00 PM
From: Randall E. Brubaker  Read Replies (2) of 14226
 
Bob: The way I read it was that GPGI did its own assay for the actual shipments for which they have just been paid. Thus this might be different from the assay of $1010 determined earlier. It's meaningful that Sabin got a little more than GPGI did, however, even if the assay was not $1010.

I don't know why they didn't just give the numbers. If they were low numbers, I don't think the result would be worse than the suspicions raised by their obvious decision not to be forthcoming about this.

I think they have misjudged here, in trying to control the flow of information. They've been very free in telling us about weekly shipments, ramping up, etc. but now that money is on the table they're not saying. If they didn't intend to release info right away when the first payments were received, why didn't they say so a month or so ago?

This doesn't look good to me, but the action of the stock price will tell us the story. I've had the impression the last few days that we may have a committed buyer now as well as a committed seller. I also noted those two large blocks at the bid price today, but the stock didn't go down.

Randall
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